Friday, December 17, 2010

It's a Wrap - Congress Passes Tax Cuts

The more I think about this thing the more I wonder if this was the right move or not.  I'm conflicted.  On the one hand it keeps the cash flowing to the people during a recession, whether they are rich people or poor people.  On the other hand, it will continue to put us further into debt.  But what I'm really trying to figure out is why the group that has jumped up and down and thrown a fit about anything that that so much as adds one penny onto the deficit is now the very same group that is adding a a couple trillion pennies onto the very same deficit.  From NBC News:

Acting with uncommon speed, Congress sent President Barack Obama sweeping, bipartisan legislation late Thursday night to avoid a Jan. 1 spike in income taxes for millions and renew jobless benefits for victims of the worst recession in 80 years.
The measure also will cut Social Security taxes for nearly every wage-earner and pump billions of dollars into the still-sluggish economy.
The 277-148 vote came the day after the Senate cleared the bill, 81-19.

So we'll fight you if you dare to spend money on unemployed people during a recession, but if we can give some tax cuts to millionaires everything is peachy?  I don't get it.
blog comments powered by Disqus